Centrus Energy's Stock Drops 69% From Its High; Is the $4.5 Billion Backlog Enough to Justify Current Valuation?
Centrus Energy (LEU), a U.S.-based nuclear energy company, has seen its stock fall from a 52-week high of $464.25 in October 2025 to around $143 as of the current date — a drop of nearly 70%. The decline is attributed to near-term revenue and earnings projections that show little growth over the next few years, despite Centrus' growing backlog of LEU and HALEU orders reaching $4.5 billion by mid-2026. Centrus has shifted from importing uranium to restarting domestic enrichment operations in response to geopolitical tensions with Russia and a push for energy independence. However, these efforts are capital-intensive and will delay revenue generation until the late 2020s or early 2030s. The company also faces rising interest rates that increase borrowing costs. While Centrus' long-term prospects appear strong due to its role in supplying fuel for next-gen nuclear reactors, analysts suggest it may not be a bargain at current valuations — trading at around 50 times forward earnings. Investors are advised to consider safer and more diversified alternatives within the nuclear energy sector.
Tickers: $LEU
Topics: backlog growth LEU/HALEU production nuclear energy stock price decline